Norges Bank Cuts Key Rate But Hints at Very Gradual Easing Going Forward

Core Viewpoint - The central bank has reduced its interest rate to 4% and indicated that further easing will likely be necessary to stimulate economic growth, with expectations of one rate cut per year over the next three years [1] Group 1 - The central bank's current interest rate is set at 4% [1] - Policymakers anticipate the need for additional rate cuts to support economic growth [1] - A forecast of one rate cut per year is expected for the next three years [1]